World Footwear

World

Italy: fashion industry with flat growth

Sep 5, 2019 Italy
Italy: fashion industry with flat growth
2019 should be marked by growth of 0.1% for the Italian fashion industry. A performance well below the 3% average registered in the last decade
Fashion is the most important sector for Italy's exports, home of brands such as Prada, Gucci, Salvatore Ferragamo and Armani, amongst many others.

After growing an average of 3% in the last decade, the Italian fashion industry is now forecasting 0.1% growth for 2019. Carlo Capasa, Chairman of the Italian Chamber of Fashion (Camera della Moda) commented: “This is a difficult year with an unfavourable international scenario. We expect to overcome this and return to the rhythm of growth we got used to in the last few years".

International tensions such as the US-China trade war, the protests in Hong Kong, Brexit in the UK, are bringing additional uncertainty to businesses and several brands are already claiming the impacts on their performances.

Source: Reuters Italy

Image credits: Raden Prasetya on Unsplash

Related Events

  • Jun
    13
    Jun 13-Jun 16, 2020 | Riva del Garda, Italy

    Expo Riva Schuh

  • Jun
    13
    Jun 13-Jun 16, 2020 | Riva del Garda, Italy

    Gardabags

  • Jun
    16
    Jun 16-Jun 19, 2020 | Florence, Italy

    Pitti Immagine Uomo

  • Jun
    20
    Jun 20-Jun 22, 2020 | Florence, Italy

    Pitti Immagine Bimbo

Related Organizations

  • Footwear Anatomy Laboratory

    Footwear Anatomy Laboratory

    Italy
  • European Fashion Designers Association

    European Fashion Designers Association

    Italy
  • Milan Fashion Campus - Fashion Style Academy

    Milan Fashion Campus - Fashion Style Academy

    Italy
  • Polimoda - International Institute Fashion Design & Marketing

    Polimoda - International Institute Fashion Design & Marketing

    Italy